Dollar steady near multi-week lows as Fed rate-cut bets build, yen rises
Government
TOKYO/LONDON :The U.S. dollar rose slightly against other major currencies on Thursday, but stayed close to multi-week lows as bets that the Federal Reserve will resume cutting interest rates next month ticked higher. Bucking the trend was the yen, with the dollar hitting a three-week low against the Japanese currency after U.S. Treasury Secretary Scott Bessent suggested the Bank of Japan needs to raise rates again soon, while the Fed cuts aggressively. Rising expectations for monetary easing
din zilele anterioare